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408 Soundview Avenue, Bronx...

Yitzi Chopp Acquires Mixed-Use Property In Soundview, Bronx For $1.5M
SOLDMixed-use

Yitzi Chopp Acquires Mixed-Use Property In Soundview, Bronx For $1.5M

408 Soundview Avenue, Bronx, NY, USA

$1,500,000

$137/SF

Building Size

10,950 SF

Asset Type

Mixed-use

Closing

Mar 25, 2019

AI

A mixed-use property located at 408-412 Soundview Ave in Soundview, Bronx has been sold for a price of $1,500,000. The property spans 10,950 square feet and was purchased by Yitzi Chopp. The sale took place on March 26, 2019, and the property is situated in the Soundview market.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $1,500,000
  • Address: 408-412 Soundview Ave
  • Market: Soundview, Bronx

The seller of the property was Chantal Thomas. Representing the buyer in the transaction was Yitzi Chopp. The brokers involved in the deal were Josh Neustadter, Jon Squires, Michael Fioravanti, and Addison Berniker.

Players

Addison Berniker

Cushman & Wakefield

Broker

$55.5M

vol

18 deals

Broker

Yitzi Chopp

Buyer

$11.7M

vol

3 deals

Buyer

New York Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93